SG Americas Securities LLC boosted its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO – Get Rating) by 29.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,616 shares of the financial services provider’s stock after purchasing an additional 21,605 shares during the period. SG Americas Securities LLC’s holdings in CNO Financial Group were worth $2,374,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio lifted its holdings in CNO Financial Group by 83.3% during the fourth quarter. Strs Ohio now owns 1,100 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 500 shares in the last quarter. Meritage Portfolio Management lifted its holdings in CNO Financial Group by 5.4% during the fourth quarter. Meritage Portfolio Management now owns 10,237 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 522 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in CNO Financial Group by 3.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 46,556 shares of the financial services provider’s stock worth $1,110,000 after acquiring an additional 1,584 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in CNO Financial Group during the fourth quarter worth about $39,000. Finally, Raymond James & Associates lifted its holdings in CNO Financial Group by 3.4% during the fourth quarter. Raymond James & Associates now owns 54,565 shares of the financial services provider’s stock worth $1,301,000 after acquiring an additional 1,796 shares in the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.
Insider Activity at CNO Financial Group
In related news, Director David B. Foss bought 3,000 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average price of $19.53 per share, with a total value of $58,590.00. Following the completion of the transaction, the director now owns 32,388 shares in the company, valued at $632,537.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by company insiders.
CNO Financial Group Stock Performance
CNO Financial Group (NYSE:CNO – Get Rating) last released its earnings results on Monday, May 2nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.15). The company had revenue of $842.90 million during the quarter, compared to analyst estimates of $915.85 million. CNO Financial Group had a net margin of 10.25% and a return on equity of 7.00%. During the same period in the prior year, the firm posted $0.55 EPS. Equities analysts expect that CNO Financial Group, Inc. will post 1.92 EPS for the current fiscal year.
CNO Financial Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a $0.14 dividend. The ex-dividend date was Thursday, June 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.11%. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.13. CNO Financial Group’s payout ratio is currently 17.45%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Piper Sandler reduced their target price on CNO Financial Group from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, July 8th. StockNews.com assumed coverage on CNO Financial Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley dropped their price target on CNO Financial Group from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, CNO Financial Group has a consensus rating of “Hold” and a consensus price target of $22.33.
CNO Financial Group Profile
CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.
- Get a free copy of the StockNews.com research report on CNO Financial Group (CNO)
- Three Watchlist Stocks to Capitalize on Sector Rotation
- MarketBeat: Week in Review 7/18 – 7/22
- Falling Copper Prices Weigh On Freeport McMoran’s Earnings, But Long Term Fundamentals Intact
- Lackluster Results Provide An Opportunity In Tractor Supply Company
- Snap Stock Falters As Growth Slows To Record Low
Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.